Homework Answers
Solution:
| Whispering Winds Corporation | |||||||||||||||
| Event | Assets | = | Liabilties | + | Stockholder's equity | ||||||||||
| Retained Earnings | |||||||||||||||
| Cash | + | Accounts receivables | + | Equipment | = | Accounts Payable | + | Common Stock | + | Revenue | - | Expenses | - | Dividends | |
| 1-Sep | $20,800.00 | $20,800.00 | |||||||||||||
| 5-Sep | -$3,760.00 | $9,220.00 | $5,460.00 | ||||||||||||
| 8-Sep | $18,000.00 | $18,000.00 | |||||||||||||
| 14-Sep | -$1,200.00 | $1,200.00 | |||||||||||||
| 25-Sep | -$3,000.00 | -$3,000.00 | |||||||||||||
| 30-Sep | -$810.00 | -$810.00 | |||||||||||||
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